A business term loan is a type of financing that provides you, as a business owner, with a lump sum of money upfront, which you then repay over a predetermined period of time with interest. This type of financing is typically used for larger expenses, such as major equipment purchases, real estate investments, or business expansion.
At Sunrise Savings & Loan, we offer flexible business term loan solutions that allow you to access the funds you need to grow your business. Our business term loans come with competitive interest rates and flexible repayment terms, so you can find a loan that fits your specific needs.
With a business term loan, you can receive the funds you need upfront, which you can then use to invest in your business. This can help you take advantage of growth opportunities or make larger purchases without straining your cash flow. A Purchase Invoice is required to secure financing under this program.